Sysco Corporation $SYY Shares Acquired by Cinctive Capital Management LP

Cinctive Capital Management LP boosted its stake in shares of Sysco Corporation (NYSE:SYY) by 840.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 236,081 shares of the company’s stock after acquiring an additional 210,973 shares during the quarter. Sysco accounts for 0.9% of Cinctive Capital Management LP’s holdings, making the stock its 18th largest position. Cinctive Capital Management LP’s holdings in Sysco were worth $19,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of SYY. Norges Bank purchased a new position in Sysco in the 2nd quarter worth approximately $493,686,000. Wellington Management Group LLP grew its position in shares of Sysco by 3,977.1% in the third quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company’s stock valued at $387,935,000 after purchasing an additional 4,595,819 shares in the last quarter. Mondrian Investment Partners LTD acquired a new stake in shares of Sysco in the third quarter valued at approximately $142,237,000. Vanguard Group Inc. lifted its position in Sysco by 2.0% during the second quarter. Vanguard Group Inc. now owns 62,691,177 shares of the company’s stock worth $4,748,230,000 after buying an additional 1,226,381 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Sysco by 102.6% during the third quarter. Marshall Wace LLP now owns 2,359,471 shares of the company’s stock worth $194,279,000 after buying an additional 1,194,815 shares during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SYY has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Wells Fargo & Company increased their price target on shares of Sysco from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Jefferies Financial Group raised their target price on Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Sanford C. Bernstein set a $90.00 price objective on shares of Sysco and gave the company a “market perform” rating in a report on Wednesday, January 28th. Finally, Piper Sandler upped their target price on shares of Sysco from $80.00 to $83.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Sysco has a consensus rating of “Moderate Buy” and an average target price of $90.31.

Sysco Stock Performance

Shares of SYY opened at $85.43 on Friday. The stock has a market capitalization of $40.92 billion, a P/E ratio of 22.97, a P/E/G ratio of 2.66 and a beta of 0.58. The company has a debt-to-equity ratio of 5.45, a quick ratio of 0.75 and a current ratio of 1.30. Sysco Corporation has a 1 year low of $67.12 and a 1 year high of $91.85. The company’s fifty day moving average is $83.45 and its two-hundred day moving average is $79.52.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. Sysco had a return on equity of 109.21% and a net margin of 2.17%.The firm had revenue of $20.76 billion during the quarter, compared to analysts’ expectations of $20.80 billion. During the same quarter in the prior year, the business posted $0.93 earnings per share. Sysco’s revenue was up 3.0% compared to the same quarter last year. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. On average, sell-side analysts predict that Sysco Corporation will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Thursday, April 2nd will be given a dividend of $0.54 per share. The ex-dividend date is Thursday, April 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 2.5%. Sysco’s payout ratio is currently 58.06%.

Insider Activity

In other Sysco news, Director Sheila Talton sold 2,801 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total transaction of $232,454.99. Following the completion of the transaction, the director owned 12,868 shares in the company, valued at approximately $1,067,915.32. The trade was a 17.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ronald L. Phillips sold 5,601 shares of Sysco stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $81.00, for a total value of $453,681.00. Following the completion of the transaction, the executive vice president owned 35,965 shares in the company, valued at $2,913,165. The trade was a 13.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.56% of the stock is currently owned by corporate insiders.

Sysco Profile

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.